EURUSD 25 May 2012

EURUSD is too oversold on daily timeframe right now. But we can still the bearish is still having some power. But I do hope it is going to reverse from now.

This is because of the 200% fibonacci retracement level is already hit, RSI oversold and potential bullish divergence on 4 hour timeframe. If the divergence is valid enough, I think we can see some bullish for at least for a few days on the next week.

As you can see, I already long at EURUSD. Let’s see how many profit will bring in to my trading account.